You have a good driving record, so your auto insurance premiums are low. Unfortunately, now that you're about to add a teenage driver to the policy, those low premiums could go through the roof. You might think that you only have two choices – postponing your teenager's driving privileges or dealing with the high premiums. Luckily, that's not necessarily the case. There are actually a few things you can do that will help make those rates more affordable.

Assign a Specific Car to Your Teenager

If you're like most American families, you have more than one car. If those cars are all on the same insurance policy, you can help keep your rates down by assigning a specific car to your teenage driver. This is particularly important if you drive a newer car that is more expensive to insure. Assign your teenager to the car that is the least expensive to insure. Be sure to let your insurance provider know that your teen will not be driving the more expensive cars. This will help keep your premiums at a lower cost.

Get All the Discounts You Can

Now that you're insuring your teenage driver, you want to make sure you take advantage of all the discounts that are available. For instance, most insurance companies will give you a discount on your insurance premiums if your teenager gets good grades in school. You may need to show proof of grades each year to continue receiving the discounts. You may also be able to receive a discount if you enroll your teenager in a defensive driving class. Be sure to ask your insurance provider for a list of discounts that are available for teenage drivers.

Keep the Car in Your Own Name

If you're going to be purchasing a car for your teenager, you'll want to keep the title in your own name. You might think it will be less expensive to insure your young driver if their car is in their own name; however[,] that's not the case. Save money by keeping their car in your name and insuring your young driver on your policy. Once they move out of the house, you can take them off your policy and have them start their own.

If you have a teenage driver, you want to make sure you get the best rate for your auto insurance. Use the tips provided above to make insuring your teenager more affordable. Click for more information.